Facebook 3Q Earnings Review

The social media giant is expected to report an EPS of 55 cents in the third quarter of the fiscal year of 2015

Facebook Inc has set its eye on the fourth day of November to reveal its earnings report for the third quarter of the year and the general sentiments that have been received by the analysts in the industry seem to be quite over to the bullish side. The analysts at the Wall Street have discussed the potential  of the media company’s stock and have come to the conclusion that the giant is going to report some highly positive figures in the future which might end up making the investors a little too happy. A couple of days before the actual earnings call; the networking site has received ratings which have relatively upgraded its stock by a huge difference.

Analysts at equity firm SunTrust were seen to upgrade the price target on the Facebook stock to a value of $125 which shows an overly bullish outlook of the analysts, as currently the shares of the social media networking company stand at a price of $99.67. This upgrade is mainly based on the high amount of revenue that is being gathered by the media firm through the ads it has been displaying on smart phones, through its apps.

According to a detailed research made by two different firms, it was derived that the growth that the media firm actually attains from the ad industry could turn out to be around 50 percent more than what the Wall Street analysts are predicting. A couple of analysts firm have covered the stock and among them, Raymond James has come up with an estimated EPS at 52 cents while for the sales figure, the predictions are touching around $4.37 billion.

The social media platform has been deemed to do an ‘outperform’ on the stock in the coming year as per the analysis made by the analysts. Another equity firm has provided a price target of $115 to the company, which is clearly more than the expectations of the Street analysts who have suggested a $113.50 target to the Facebook shares.

Presently, the shares of the media giant are trading at a share price of $98.2 which have also experienced an increase in the past week, rising by 1.13 percent.